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S2 Minerals Set to Rebrand as FNX Inc. After Shareholder Approval

Editorial

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S2 Minerals Inc. has received strong backing from its shareholders to proceed with a significant rebranding initiative. During an annual general and special meeting held on November 27, 2025, shareholders overwhelmingly approved the change of the company’s name to FNX Inc. and notable amendments to its share structure.

The proposed name change is part of a broader strategy to enhance the company’s identity within the mineral exploration sector. Alongside the name change, S2 will amend its articles to redefine the existing class of common shares as “subordinate voting shares” and introduce a new class known as “multiple voting shares.” These adjustments aim to provide more flexibility in the company’s governance and capital structure.

December 5, 2025 is set as the effective date for both the name change and the amendments. On this date, FNX Inc.’s subordinate voting shares will begin trading under the new symbol “FNX.” The new CUSIP and ISIN for these shares will be 343921102 and CA3439211028, respectively. Existing security holders will not need to take any action regarding these changes.

Company Background and Future Plans

Based in Toronto, Ontario, S2 Minerals is dedicated to exploring mineral properties, particularly in Northwest Ontario. The company is known for its Sandy Lake project, which encompasses approximately 167,000 acres of contiguous mineral claims situated in the Sandy Lake Archean Greenstone Belt, roughly 140 miles north of Red Lake, Ontario. This project includes a 100% interest in approximately 137,000 acres of mineral rights, along with a 50.1% interest in the “Weebigee Joint Venture” claims and a 50% interest in the Southern Block claims, both in collaboration with Goldeye Explorations Limited, now part of NexGold Mining Corp.

The Sandy Lake project lies within the traditional territories of the Sandy Lake First Nation and Keewaywin First Nation. S2 also holds additional mineral claims located within the traditional lands of the Eabametoong First Nation, indicating the company’s commitment to responsible and respectful exploration practices.

Future plans indicate that S2 may expand its project portfolio with additional Canadian-focused exploration initiatives as opportunities arise.

For inquiries, contact Dan Noone, CEO, at +1.416.628.5904 or via email at [email protected].

Forward-Looking Statements

This announcement contains forward-looking information, which includes statements regarding the name change and articles amendments, along with anticipated trading dates. Words such as “could,” “intend,” “expect,” “believe,” and similar expressions identify forward-looking information based on the company’s current beliefs or assumptions.

While management believes these projections are reasonable, uncertainties may affect actual outcomes. Risks include general business and economic conditions, competition, and the necessity of obtaining regulatory approvals. The company does not undertake to update these forward-looking statements unless required by applicable securities laws.

Investors are encouraged to consider these factors carefully before making decisions based on the information provided.

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